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According to the World Bank, in 2020, the Czech Republic ranked 41st in the Ease of Doing Business index, “Doing business 2020.” This indicates a favorable business environment that fosters investment and entrepreneurial growth. Additionally, according to the 2021 Human Development Report by the United Nations Development Programme, the Czech Republic holds the 32nd position in the Human Development Index, demonstrating a high quality of life and increasing population welfare.
The Czech economy is significantly dependent on foreign trade, with exports accounting for more than 72.73% of its GDP. This reflects the country’s high integration into the global economy and its importance as a trading partner.
The Czech Republic offers a strategic geographic location that provides easy access to other European markets. Thanks to its membership in the European Union, the country benefits from the single market and customs union, ensuring the free movement of goods and services.
Moreover, the Czech Republic is known for its highly skilled workforce, especially in engineering and manufacturing sectors, which is a key factor for investors seeking a reliable and efficient labor force.
